Suntrust is the one of the largest commercial banking and strongest financial holding companies offering its customers with a new advanced system of banking products and services.
Suntrust provides deposits, credits, trust, and investment services to institutional clients and retails business. It also provides other subsidiaries like mortgage banking, credit-related insurance, brokerage, asset management, and capital market services
Services offered by Suntrust
The products and services associated with
Suntrust are viewing account details, online any time payment of various bills. It offers services like Personal Finance, Business Banking, Corporate& Institutional etc.
Personal Finance: It includes Banking, lending, investing, and insurances which help you to achieve financial security and reach your goals.
Business Banking: It is one service of this bank which provides Cash management, lending banking, and merchant services solutions which help you to manage and grow your business.
Corporate & Institutional: It is a Comprehensive financial solution for capital raising, investments, and working capital management.
Suntrust Mortgage Services
It comprises of the former Crestar Mortgage Corporation and the former residential mortgage lending company of
Suntrust. There are several types of lending interest rates like prime rates, discount rate and consumer rates for mortgages
Discount rate: It is the rate that charges to banks and other financial institutions by Federal Reserve Bank to borrow short-term funds directly from the central bank.
Prime interest rate: It is the rate charged by banks and large commercial institution to their most creditworthy customers which are large and well established businesses. This rate is based on the federal fund rate is one of the most sensitive indicators of the direction of interest rates, which is charged by banks needing overnight loans to meet reserve requirements.
Consumer interest rate: It represents the rates at which banks and other financial institutions lend funds to individual. Consumer rates encompass familiar things as mortgage rates, auto loan rates, credit card rates etc.
The day-to-day activities in
Suntrust Mortgage include five fundamental corporate priorities.
- Maintaining a strong balance sheet
- Emphasizing credit quality
- Focusing on income and cost management
- Delivering superior customer service
- Maintaining a highly skilled and motivated work force
It provides customers with a full range of technology-based banking channels, which includes internet, PC, Automated Telephone Banking etc. It provides you
Suntrust ATM Branch Locator through which you can easily find the maps, directions, phone numbers and business hours to Suntrust branch or ATM which are closest to you. It also provides you Online Banking with which you can safely and securely access your pay bills, accounts and even customize your experience.
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